The man who founded Alibaba says that — at just 48 years old — he is too old
to remain as its chief executive.

Jack Ma, the former English teacher who started the e-commerce business in
1999 and oversaw its growth into one of China’s biggest internet companies,
will relinquish the role on May 10.

He will, however, stay on as executive chairman and people close to the
company said that the billionaire would have a “very full-time role”
overseeing its strategy, which is likely to include a super-sized flotation
in the next year or two.